AGR is an unprecedented crisis for telecom industry: Sunil Mittal

The Bharti Airtel chairman met Telecom Minister Ravi Shankar Prasad

Bharti Airtel chairman Sunil Bharti Mittal leaves after meeting Union Telecom Minister Ravi Shankar Prasad in New Delhi | PTI Bharti Airtel chairman Sunil Bharti Mittal leaves after meeting Union Telecom Minister Ravi Shankar Prasad in New Delhi | PTI

Bharti Airtel Chairman Sunil Mittal on Thursday met Telecom Minister Ravi Shankar Prasad and sought cut in taxes and levies for the sector, amid the "unprecedented" AGR crisis.

Mittal said Airtel is committed to complying with the Supreme Court order on adjusted gross revenue (AGR) dues, and asserted that the company will make balance payment "expeditiously".

"AGR is an unprecedented crisis for industry, which is being dealt with by government," he said.

Mittal further said the industry is heavily taxed and suggested cut in taxes and levies for sector.

He said Airtel has time till March 17 to make balance payments, adding that the company will pay its dues "much before that".

Mittal on Wednesday said the telecom sector has been under stress for the last three-and-a-half years and the government should focus on its sustainability.

After meeting top finance ministry officials, he told reporters that the issue of pending dues arising out of the Supreme Court ruling on Adjusted Gross Revenue (AGR) was not discussed.

Airtel has paid Rs 10,000 crore out of its estimated liability of over Rs 35,000 crore.

Vodafone Idea Chairman Kumar Managalam Birla, who had met the telecom secretary on Tuesday, also met finance ministry officials on Wednesday.